HUBEI KAILE NEW MATERIAL SCIENCE AND TECHNOLOGY CO.,LTD (600260)

Revised 2008 Semiannual Report Available

At the 6th Meeting of the 6th Board of Directors, held on 11 Sept 2008, a proposal to revise the 2008 Semiannual Report was examined and approved. As a provision for bad debts of the Newly-added Accounts Receivable in the report was not taken into account, certain data were corrected as follows:

1. total assets: RMB 2,518,347,478
2. shareholders' equity: RMB 1,451,956,561
3. net asset per share: RMB 5.50
4. net profit: RMB 64,569,222
5. net profit after deducting non-recurring gains and losses: RMB 64,594,271
6. return on equity: 4.45%

Detailed information pertaining to the revised report and its abstract can be found on the website of the Shanghai Stock Exchange (www.sse.com.cn), dated 12 Sept 2008.

Board of Directors
12 Sept 2008


Source: Shanghai Stock Exchange

Date: 12 Sept 2008

CN01/RL/JL/BT/KM


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